BUSINESS

Tim Geithner, Not Obama, Was The Decider During The Crisis

06/26/2012 08:34 am ET | Updated Aug 26, 2012

In the spring of 2012 the Obama campaign decided to go after Mitt Romney's record at Bain Capital, a private-equity firm that had specialized in taking over companies and extracting money for its investors--sometimes by promoting growth, but often at workers' expense instead. Indeed, there were several cases in which Bain managed to profit even as it drove its takeover targets into bankruptcy.

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